Biotech Values

[wallstarb]

Lets say its 6 months - then MNTA's approval is nearly worthless as they'll only have 2 quarters of good sales. Lets say its a year then you have some value but not much. Maybe 2 years is a very good case for MNTA still you only get 8 quarters of $$$ then not too much - it will not and does not warrant a forward looking PE since the E will not be there for very long in all LIKELYHOOD. Is it possible TEVA never gets approval - perhaps - but imo it's a slim chance - and the market is pricing MNTA accordingly. People vote with their $$$ and the vote currently is saying its not very long. Market isnt right - but it is telling you what people believe. I think that MNTA will trade sluggishly and over time get rewarded quarter by quarter as they add the cash to their balance sheet - but I do not think the $$$ gets built in before.